Just two days after the Black Friday crypto crash, market sentiment is starting to stabilize, and crypto whales are already taking action. On-chain data indicates that multiple altcoins are witnessing renewed accumulation as large holders strategically rebuild their positions while prices remain at post-crash lows.
Among these coins, three are seeing significant whale inflows, exciting product launches, and improving technical setups. Some are also experiencing parallel smart money investments, while others aim for breakouts from key patterns (or higher targets), indicating early signs of strength.
Dogecoin (DOGE)
Dogecoin (DOGE) has emerged as one of the first altcoins that crypto whales are accumulating after the Black Friday crash. Notably, mega whales holding over 1 billion DOGE were among the first to react, making substantial purchases during the selloff.
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Currently, the focus has shifted to mid-tier whales holding between 100 million and 1 billion DOGE.
These whales have boosted their balances from 27.56 billion to 29.81 billion DOGE since October 11, resulting in a net gain of about 2.25 billion DOGE, valued at around $475 million at current Dogecoin prices.
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This second wave of accumulation demonstrates renewed confidence in the rebound, suggesting that large holders are gearing up for a potential continuation of the recovery.
On the 4-hour chart, often used to identify early trend shifts, the DOGE price is trading just beneath a key resistance level at $0.214, forming a symmetrical triangle pattern. A breakout above $0.214 could signal a short-term uptrend toward $0.242, $0.254, and $0.270.
However, if the price dips below $0.205, it may delay this move and expose DOGE to lower levels around $0.185 and $0.178.
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Adding to this outlook, the Smart Money Index (SMI), which tracks activity from experienced investors compared to retail, has started to rise. This uptick indicates that seasoned traders are aligning with the whales.
Synthetix (SNX)
Synthetix (SNX) has been among the most robust rebounders following the Black Friday crash, surging over 80% in just 24 hours and reaching a 10-month high. The rally has been driven by renewed excitement surrounding its upcoming perpetual DEX on Ethereum.
However, the price action is also significantly influenced by whales increasing their stakes.
Whale wallets holding substantial amounts of SNX have ramped up their positions by 86.2% in a single day. This group now controls approximately 1.21 million SNX, having added about 560,000 SNX valued at nearly $1.23 million based on an average price of $2.20.
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From a technical perspective, SNX has broken out of an ascending channel on the daily chart, a bullish pattern that signals continuation when confirmed.
The breakout suggests a potential 212% upside from the breakout point, targeting an extended value near $6.0. Presently, the first resistance stands at $2.27, followed by $3.11 and $3.96. A breakout above $4.48 would validate the larger move.
On the downside, key supports are positioned at $1.74, $1.56, and $1.10. A drop below the last level ($1.10) would flip SNX’s price structure to bearish.
If whale accumulation continues at this rate, it could help SNX maintain above its immediate support zone and push towards higher targets, particularly as the DEX launch approaches and broader market sentiment stabilizes.
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Aster (ASTER)
Aster (ASTER), a rapidly developing perpetual DEX project on the BNB Chain, has drawn significant attention following its explosive launch and unique cross-chain trading model. The platform enables users to trade with yield-bearing collateral, a feature that has intrigued whales and smart money following the Black Friday market crash.
Whales have ramped up their holdings by 4.06% in the last 24 hours, now holding 46.57 million ASTER. This translates to an addition of about 1.82 million ASTER, valued at approximately $2.7 million at an average price of $1.50.
This consistent accumulation mirrors a similar trend seen among both smart money and public figure wallets, which have increased their holdings by 7.82% and 16.64%, respectively.
This synchronized accumulation across key investor segments indicates increasing confidence that ASTER’s rebound is more than just a temporary bounce.
Technically, Aster’s 4-hour chart reveals the token trading within a bullish pennant, a pattern often leading to continuation. For this bullish scenario to materialize, the price must break above $1.75 (upper trendline breakout). Following that, a jump past $1.88 could lead to targets of $2.10 and $2.20.
If the price loses the critical support level at $1.43, it could decline further to $1.27 or $1.15.
